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Fairfield Independent Hospital

Registered charity 502791 · accounts filings on the Charity Commission register · also known as THE GUY PILKINGTON MEMORIAL HOME LIMITED

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Latest income
£16.6m
Latest spending
£17.3m
Registered
1973
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that the charity made a surplus of £137,934 for the year ended 31 December 2022, following a deficit in the previous year. Total reserves decreased to £6,518,744, with £2,318,214 held as free reserves, which the trustees note is equivalent to 4.18 months of fixed costs. The trustees and auditors confirm the charity has adequate resources to continue in operation for the foreseeable future with no material uncertainties identified.

What the accounts disclose

Reserves policy: sufficient to manage the risks involved in providing its medical services and to provide resources to invest in new activities (held: £2.3m)
“The charitable company's policy is to hold reserves sufficient to manage the risks involved in providing its medical services and to provide resources to invest in new activities.” — page 10
Per its FY2022 accounts as filed with the Charity Commission.
Related-party transaction: Trustees as patients
“During the year, some trustees of the Company were patients at the Hospital. The trustees were treated on the same terms as all other patients. There are no other related party transactions that need to be disclosed in the financial statements.” — page 29
Per its FY2022 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£16.6m
Total spending
£17.3m
Reserves (reported)
£5.8m
Employees
192

Reported reserves equal ~4.0 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

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Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
31/12/2024£16.6m£17.3m
31/12/2023£15.8m£15.8m
31/12/2022£14.4m£14.2m
31/12/2021£13.6m£14.2m
31/12/2020£9.9m£10.8m

Common questions

Is Fairfield Independent Hospital financially healthy?

The accounts state that the charity made a surplus of £137,934 for the year ended 31 December 2022, following a deficit in the previous year. Total reserves decreased to £6,518,744, with £2,318,214 held as free reserves, which the trustees note is equivalent to 4.18 months of fixed costs. The trustees and auditors confirm the charity has adequate resources to continue in operation for the foreseeable future with no material uncertainties identified. Its FY2022 accounts were audited by Crowe U.K. LLP.